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 Forex Version 10, Foreign Exchange Market Discussion

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aimank_88
post Mar 23 2012, 09:05 PM

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Woohoo made some quick buck on longing GU. drool.gif
aimank_88
post Mar 24 2012, 12:02 AM

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QUOTE(dillmac @ Mar 23 2012, 11:14 PM)
If anyone could help enlighten me this on this matter. What was it that trigger that sudden rise at about 3pm Malaysia time today for Eur/Dollar?

I'm quite baffled, there was no news whatsoever, yet a hundred pip rise above. Was it manipulation? Was it based on past three days daily spinning top chart? What was it that I missed out?

I got burned badly during that trade and I'm wondering how it could shot up.
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Dollar index dropped.
aimank_88
post Mar 24 2012, 12:19 AM

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QUOTE(dillmac @ Mar 24 2012, 12:08 AM)
How do you see the dollar index?
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ForexPros - USD Index

Its the only live chart I know, but ive experienced sometimes it lags. Some brokers have the dollar index at their MT4 platform too.

Added on March 24, 2012, 12:21 am
QUOTE(dillmac @ Mar 24 2012, 12:08 AM)
how lazy of me to ask that question, haha. well I found here on fxstreet :

"The USD Index measures the performance of the US Dollar against a basket of currencies: EUR, JPY, GBP, CAD, CHF and SEK"
If that statement is so, correct me if I'm wrong, but wouldn't it meant that the current USD index is only reflected after the USD and its various pairs have done its movement? Then this wouldn't be the explanation for that 3pm rise would it?
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Hah? I dont understand ur question. Hahaha

This post has been edited by aimank_88: Mar 24 2012, 12:21 AM
aimank_88
post Mar 24 2012, 12:53 AM

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QUOTE(dillmac @ Mar 24 2012, 12:41 AM)
» Click to show Spoiler - click again to hide... «

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Yea its true, the Dollar index measures the dollar performance against a basket of currencies. AND also vice versa. Ur question was just now what made Euro go up, I just checked the dollar index, it fell at the same 3pm candlestick our time, so assumably because of that.

Theres a lot of factors affecting the market: dollar index, buyer sentiments, news, announcements, bla3. So one can never know what exactly happened u see. Like sometime earlier this week when I was trading gold, I witnessed gold went up at the same time the dollar index shot up. Thats not logical since gold was paired against dollar. They should be like magnets of different polarity, if one goes up the other goes the other way. Then most probably it went up because of buying power from traders, technical traders perhaps?

Furthermore, most technical traders just analyse from the chart, not much on fundamentals as to why it went up or down.

Hehe

This post has been edited by aimank_88: Mar 24 2012, 12:54 AM
aimank_88
post Mar 24 2012, 01:32 AM

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QUOTE(dillmac @ Mar 24 2012, 01:27 AM)
Well, I guess you're right that many factors affect the graph. I still feel that that 3pm rise was market manipulation, haha, you know how these banks know about traders' stop loss.

If you're trading gold, I'm not sure if it's alright for you to refer to the dollar index? Maybe it's best for you to compare gold prices with Aud/Usd. Like Poks said before in V9 that since Australia is one of the major exporter of gold, hence, it's currency value will accompany the gold price and vice versa.
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Yea from time to time, but dunno, maybe used to checking dollar index? tongue.gif

Now wanna try on oil market tho, just wanna confirm, is oil market somewhat similar to CAD? Can anybody cnfirm?
aimank_88
post Mar 26 2012, 08:14 PM

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Fly gold fly! drool.gif
aimank_88
post Mar 26 2012, 08:39 PM

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QUOTE(boyvai @ Mar 26 2012, 08:19 PM)
gold and silver push!!!
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Yea go go. Hope it reaches 1700 for gold. tongue.gif

QUOTE(stockerzzz @ Mar 26 2012, 08:22 PM)
bernanke talk have some great effect today. XP
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Yea after some time at last it went as expected. LOL
aimank_88
post Mar 27 2012, 08:19 PM

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QUOTE(poks @ Mar 27 2012, 07:52 PM)
not bad mr rime...
now looking for rebound @1682.25 (master candle high)
or 50% of yesterday candle...
well ... seems like opportunity is near  biggrin.gif
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thumbup.gif
aimank_88
post Mar 27 2012, 08:54 PM

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QUOTE(boyvai @ Mar 27 2012, 08:54 PM)
guys,need help here.
recently my mt4 keep missing the chart.and now suddenly all file corrupt,gone.
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Ha? Try reinstall?
aimank_88
post Mar 27 2012, 08:59 PM

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QUOTE(boyvai @ Mar 27 2012, 08:57 PM)
done.im afraid to lose all my Elliot count.now i have to save the template every count  sad.gif
sometimes i open mt4,a few chart gone.
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Wow dunno dude, havent experienced like that so far..
aimank_88
post Mar 28 2012, 10:38 PM

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QUOTE(boyvai @ Mar 28 2012, 10:13 PM)
Elliott Wave Count on Gold time frame 4h.
got rebound,wave 4.
maybe will up to complete minor wave 5?
sorry my mt4 completely gone weird.
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Yea up up and away! tongue.gif

Hope it reaches at least 1715.
aimank_88
post Mar 29 2012, 08:56 PM

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Down, perhaps...
aimank_88
post Apr 4 2012, 02:53 AM

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Yay managed to join the ride. smile.gif
aimank_88
post Apr 5 2012, 08:44 PM

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QUOTE(dillmac @ Apr 5 2012, 04:38 PM)
ah! I see. Thank you Sleepwalker for the heads up  biggrin.gif
Tomorrow is a Good Friday. But tons of US data and Non Farm Payroll data is coming in at 8.30pm Malaysia time. I wonder if it will be a low volatility day since banks are on holiday?
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Some announcements today and yesterday wasnt volatile at all... Doubt its gonna be any different tomorrow..
aimank_88
post Apr 7 2012, 09:48 PM

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My broker for gold is 50 fixed spread... So far ok no changes thank god tongue.gif
aimank_88
post Apr 9 2012, 03:51 PM

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QUOTE(tehoice @ Apr 8 2012, 02:57 PM)
can we really declare? I thought we are not suppose to declare as it is deemed "illegal" activity to trade forex in our country?
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Cannot declare, unless you have forex license which requires 200million capital and owning a bank, then only you're eligible to apply for forex in Malaysia. Saw it in SC's website. tongue.gif

Btw, market looks really really really really slow. Easter holidays.. Although gold opened up with a gap, now really sideways. Thinking of retiring for the day.. blink.gif
aimank_88
post Apr 10 2012, 12:16 PM

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QUOTE(poks @ Apr 10 2012, 12:07 PM)
Forex & trading in particular is no game.
It takes lot of time & expensive tution fee to gain experience... It's not easy but it's not hard.
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Tuition fees thumbup.gif
aimank_88
post Apr 10 2012, 12:58 PM

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QUOTE(poks @ Apr 10 2012, 12:53 PM)
sorry man...
on mobile... you know la this orang kampung  sweat.gif
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Wasnt commenting on your typo la. Hahha. I recalled my tuition fees and thought i couldve paid downpayment for a car instead... blink.gif
aimank_88
post Apr 11 2012, 01:52 PM

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QUOTE(FuNks @ Apr 11 2012, 01:46 PM)
den how u guys start forex?

for me, my friends asking me to join, and be his downline or something.
im actually confused, u guys playing overseas or local?
15k 30k 50k?
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Ha? 15k ringgit or USD?
aimank_88
post Apr 11 2012, 03:04 PM

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QUOTE(FuNks @ Apr 11 2012, 02:02 PM)
15k rm, my friend just joined 30k.
still considering.
i tot forex is illegal in here.
hmmm. didnt know found a thread in forum.
heheee, any tips on which to invest?
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Hmm if 5k usd account I assume ur playing with 1 lot? Afraid the exposure is too much, I'd play 0.5 lot each trades if I were u. Unless u have a 10k USD account. Just my 2 cents. biggrin.gif
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